(1) The Minister must prescribe requirements to disclose information regarding procurement.
(2) The regulation envisaged in subsection (1) must, among others, require—
(a) the categories of information to be disclosed to enable effective monitoring of procurement, which includes among others—
(i) the reasons for the decision, where a decision is made to not follow an open competitive bid process;
(ii) all information regarding a bid;
(iii) the identity of each entity which submits a bid, including information relevant to that entity contained in the companies register established under section 187(4) of the Companies Act, 2008 (Act No. 71 of 2008), if applicable;
(iv) the date, reasons for and value of an award to a bidder, including the record of the beneficial ownership of that bidder in the register maintained in terms of section 56(14) of the Companies Act, 2008;
(v) information regarding a bid above the prescribed value awarded to an immediate family member, or a related person, of a person automatically excluded by section 13 from submitting a bid;
(vi) contracts entered into with a supplier and invoices submitted by the supplier; and
(vii) information regarding bids cancelled and the reasons for the cancellation; and
(b) that the information referred to in paragraph (a) be published as quickly as possible—
(i) on an easily accessible central online portal that is publicly available free of charge; and
(ii) in a format that—
(aa) enables tracking of information relevant to the entire process of a specific procurement;
(bb) is electronic and interoperable; and
(cc) if it contains confidential information, only that information is severed.